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News Details

29/04/2024 20:30

Refractory Shapes announces launch of initial public offering

Refractory Shapes Ltd. has announced public offering of 6000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 21.00 per share. The gross proceeds of the issue are expected to be Rs 1,860.00 lakhs.

The company's initial public offer (IPO) will open on 06 May 2024 and is expected to close on 09 May 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 27.00-31.00 per share.

The IPO includes a fresh Issue of 6000000 Equity Shares of the Company at an price of Rs 31.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Refractory Shapes Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.